AstraZeneca and its partners awarded £93m in grants 13/10/15 09:51 Today’s Guardian features Aditya Chakrabortty’s piece on tax avoidance and mentions my disclosure that AstraZeneca and its partners extracted over £93m in InnovateUK funding between […]
AstraZeneca accused of employing aggressive tax-avoidance measures in an investigation by the Guardian. The company featured in The British Corporate Welfare State. This is an extract: “Five months after AstraZeneca thanked the local MP [George Osborne] for […]
Jolyon Maugham’s post on his “Musings on Tax” blog discusses (misrepresents would be more accurate) The British Corporate Welfare State: Public Policies for Private Businesses. Kevin Farnsworth’s response is below My report on corporate welfare created quite a storm! […]
Corporate welfare: even £93bn doesn’t capture it! 28/09/15 17:09 In the Guardian’s Comment is Free strand, Kevin Farnsworth writes that the £93bn price tag on corporate welfare has been much misunderstood. We need a full audit of […]
Support to the banks ran at well over one trillion pounds at its peak… 18/09/15 14:55 This is a link to the National Audit Office’s estimates of the costs of support to the banks. It makes […]
Is now really the best time to cut corporation tax? 13/07/15 11:01 Kevin Farnsworth has written an article for the Guardian’s Comment is free strand, on the tensions between corporate and social welfare exposed in this […]
Business groups reject PM’s plan to replace tax credits with higher pay 07/07/15 18:21 Article in the Guardian covering the responses of the Chambers of Commerce and Institute of Directors to David Cameron’s ‘plan’ to replace in-work […]
“Firms paying poor wages are the real benefit cheats” 04/07/15 16:20 Article by Patrick Collinson on low pay and wage subsidies at a number of large retailers, including Next and Tesco’s – http://www.theguardian.com/money/blog/2015/jul/04/firms-paying-poor-wages-benefit-cheats-tax-credits
In-work tax-credits 01/07/15 16:17 There is a lot of interest at the moment in tax credits and whether they support the low-paid or whether they effectively subsidise wages. A report released by CitizensUK recently looked […]
The real benefit cheats are the employers who are milking the system 26/06/15 14:15 Deborah Hor writes in today’s Guardian: “I really don’t know why the government is making such heavy weather of cutting £12bn […]
On March 23, 2016, the government published the National Infrastructure Delivery Plan 2016-2021 which details in an 115-page report its intentions for supporting large-scale housing and regeneration, and investment in new local schools, hospitals, and […]
Tory government is giving billions in ever increasing handouts to oil and gas majors at the same time as cutting support for clean energy, report reveals Source: UK becomes only G7 country to increase fossil […]
The Government gives the fossil-fuel industry nearly £6bn a year in subsidies, almost twice the financial support it provides to renewable-energy providers, according to new research. A study by the Overseas Development Institute think-tank challenges […]
An interesting piece in the Conversation by Prem Sikka on Facebook’s corporation tax: Facebook looks set to pay more UK tax but it might not be as much as you think. Facebook, along with others […]
The European Commission have already deemed favourable corporate tax deals to constitute corporate welfare. And investigations into Ireland’s deal with Apple and the Netherlands’ deal with Starbucks are ongoing. A recent report quoted the EU’s […]
Facebook and corporation tax 07/03/16 10:04 An interesting piece in the Conversation by Prem Sikka on Facebook’s corporation tax: Facebook looks set to pay more UK tax but it might not be as much as […]
UK banks are still receiving an implicit subsidy of £5.8bn a year according to a report produced by the NEF. The subsidy is often referred to as the ‘too big to fail’ subsidy which effectively […]
Interesting story about the support package provided to Sheffield Forgemasters (who some will recall was initially denied, but then provided with, support in 2010 by the coalition government (with heavy intervention from Nick Clegg). This […]
The chancellor’s ‘huge success’ in securing £130m in back taxes from the technology company raises a number of issues Source: Google’s tax deal with the UK: key questions answered | Technology | The Guardian
The Welsh Assembly will help to fund new investment in Wales by Car manufacturer Aston Martin it has been revealed. The value of the grant has not been disclosed, however, which is unusual. This from Carwyn Jones, […]
Corporate welfare and drugs companies 17/02/16 12:46 The cost of drugs and other medical equipment is of growing concern to both public health systems and private health insurance companies. Regarding the former, pharmaceutical companies can […]
RBS accused of taking £1bn in tax benefits linked to the film industry 17/02/16 12:42 Research carried out by Bloomberg claims that a number of companies were able to make billions from the use of […]
Subsidies for the oil industry… 13/02/16 11:34 Interesting piece in the Guardian by George Monbiot, discussing the perversity of subsidising the oil industry in order to protect profits during the slump in oil prices. He […]
The blog argues that: Over recent months, the UK oil industry has waged an all-out lobbying war for more tax breaks. They complain that they are suffering from the fall in oil prices, and they need help […]
£500m for the Scottish oil industry 29/01/16 11:49 The UK and Scottish government’s today announced funding of more than £500m in order to support the ailing oil industry. The money will be used to improve […]
Copyright: Corporate Welfare Watch 2017